OOAG OMDA Oil and Gas Inc (CE)

New updates on the Concord Dome prospect are coming in daily from OMDA board member Mark Barnes. Mr. Barnes is spearheading the majority of the work required for the project and is in daily communication with OMDA's partners in the prospect and their attorneys, OMDA's oil and gas attorneys, OMDA's corporate attorneys and OMDA President and Chairman Adam Barnett. Mr. Barnes will be taking a trip to Concord Dome in the next few weeks. He will be walking every lease and inspecting each individual well. He will also be taking photographs and video recordings that will be uploaded to the company website for the benefit of our current and prospective shareholders. Since Concord Dome is such an extensive and valuable asset of OMDA's, the company plans on providing detailed log information, revenue figures, balance sheets and proven reserve figures as soon as it is possible to do so. The company has been poring over pages and pages of information and legal descriptions on the prospect that have been recently received and that continue coming in, in order to thoroughly and accurately give the shareholders a detailed accounting of this important resource. All of this important information coming into OMDA is also aiding the company in the due diligence process as it considers taking a stake in the surrounding acreage to the Concord Dome prospect.

"This is such a significant prospect for us that our revenue share alone in Concord Dome could mean tens of millions of dollars for OMDA in the years to come," stated Adam Barnett. "We want to be very detailed in our reporting so that our shareholders can see for themselves exactly what they have. In order to do this accurately we need to wait on more pending reports that I was hoping to have received already. Once Mark Barnes returns from the field we will have much information to provide. Our auditors will also be evaluating all of the documents that we receive as part of the comprehensive financial audit that is currently underway."

OMDA is also announcing that the first block of 20 million shares to be retired has been finalized, reducing the current outstanding share count to 222,631,100 shares.

In another development OMDA is announcing that board member David Knecht has been assigned by Mr. Barnett to spearhead much of the work abroad with the biodiesel joint venture currently under serious consideration. Mr. Knecht is also assisting the company with other possible oil and gas acquisitions. Details will be provided as developments unfold.

Mr. Barnett further commented, "We are very excited about the current state of the company. With everything that we have going on right now, I anticipate more updates to share with the public in the coming days as some of our current undertakings continue to take shape."

About OMDA Oil and Gas, Inc.

OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. (Texas), are in the business of oil and gas production and lease acquisition. This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, statements relating to the future anticipated direction of the Oil and Gas Industry, plans for expansion, various business development activities, planned capital expenditures, future funding resources, anticipated sales growth and potential contracts. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact: OMDA Oil and Gas, Inc. Investor Relations 877-441 OMDA(6632) IR@omogoil.com www.omogoil.com

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